Low Utility Tariffs May Cost HUF 2,000 Billion in 2022 Budget Amid the growing prices in the world market, the government's decision to artificially keep utility costs low may cost some... 2022.01.20.
Amid Global Energy Crisis, First Hungarian Power Company Goes Bust Energy company JAS Budapest Zrt. has suspended services to its customers, thereby becoming the first victim of the global energy... 2021.11.18.
Eight Injured in Explosion at Kisköre Hydropower Plant An explosion occurred at the Kisköre hydropower plant early Monday afternoon, the Hungarian Electrical Works (MVM) reported. Eight people were... 2021.09.21.
Trade Minister: Economic Cooperation Strengthening Hungary-Romania Relations Economic cooperation has strengthened relations between Hungary and Romania "by way of several joint success stories", Minister of Foreign Affairs... 2021.04.09.
Croatia LNG Terminal Starts Delivery The state-owned Hungarian Electricity Works (MVM) on Monday said the Croatian unit of its gas trading company MFGK took its... 2021.01.04.
MVM Gas Trader Unit Signs Long-term Gas Purchase Agreement with Shellenergy The gas trader unit of state-owned Hungarian Electricity Works (MVM) has signed a six-year agreement with Shell to purchase an... 2020.09.04.
Hungarian Electricity Works MVM and Rosatom Establish Joint Venture State-owned Hungarian Electricity Works (MVM) has formed a joint venture with Rusatom Service, a unit of Russia's Rosatom, named European... 2020.07.13.
MVM Unit to Get Krk LNG Only from Western European Market Players MFGK Croatia, the Croatian unit of the state-owned Hungarian Electricity Works (MVM), will get liquefied natural gas (LNG) from the... 2020.06.10.
Jobbik Demands Information on Mátra Power Plant Purchase MPs of opposition Jobbik have requested the public release of the details regarding national energy company MVM's recent purchase of... 2020.02.11.
Former MVM Chief Kocsis Sentenced to 5-years in Prison The Kúria, Hungary's supreme court, in a binding ruling on Tuesday sentenced former national electricity company MVM chief István Kocsis... 2019.11.26.
MVM to Build Solar Park in W Hungary The state-owned electricity works MVM has started constructing a solar park on a 2.4-hectare area leased from the municipality of... 2019.04.04.
Hungary’s Biggest Solar Plant Inaugurated at Paks A new solar plant built at a cost of 9 billion forints (EUR 28.5m) outside Paks, just a few kilometres... 2019.03.06.
Two-hour Warning Strike Held at Paks Nuclear Power Plant Security guards of the Paks nuclear power plant on Saturday carried out a two-hour warning strike in protest against the... 2019.03.04.
Court Sentences Former MVM Exec to Prison A court in Pécs on Friday sentenced István Kocsis, the former head of the state-owned Hungarian Electricity Works (MVM), to... 2019.03.04.
Paks Block Output Reduced by Scheduled Repair Block number three of the Paks nuclear power plant has been running at reduced capacity since early Friday morning because... 2018.09.28.
Hungarian Electricity Company Establishes Gas Subsidiary In Austria The general meeting of the Hungarian Electricity Ltd. (MVM) has decided on Wednesday to issue a HUF 330m comfort letter... 2015.04.10.
Hungary’s Energy Group Not Affected By South Stream Issue Russia’s decision to scrap plans to build the South Stream pipeline will not affect the long-term strategy of the state-owned Hungarian Electricity Works... 2014.12.03.
